Cement News tagged under: usa
Martin Marietta sees higher building volumes05 August 2015, Published under Cement NewsMartin Marietta Materials, one of the top five US aggregates producers, has announced a first-half turnover 46.9 per cent ahead at US$1612.7m, thanks to the initial consolidation of TXI, formerly Texas Industries, and the EBITDA rose by 71.6 per cent to US$303.2m. The trading profit jumped by 102.5 per cent to US$162.5m and after a net interest charge that was 53 per cent higher at US$38.4m and other items, the pre-tax profit emerged at US$126.3m compared with US$52m and the net attribut... |
PCA: "Clean Power Plan" will impact all segments of US economy05 August 2015, Published under Cement NewsYesterday, President Obama authorised new US Environmental Protection Agency (EPA) regulations on emissions of CO2 from power plants. "These unprecedented regulations will have enormous impact," said James Toscas, president and CEO of the Portland Cement Association (PCA). "Everybody, including EPA, agrees that they will boost the cost of electricity, which in turn will increase the cost of making and using nearly everything. Higher costs hurt every American's pocketbook, and mean fewer... |
Vulcan’s profit falls following exceptional gains in previous year05 August 2015, Published under Cement NewsVulcan Materials' first-half turnover rose by 11.8 per cent to US$1526.4m, but EBITDA declined by 31.8 per cent to US$300.2m. The trading profit fell by 44.8 per cent to US$164.59m after the exceptional gain on the disposal of the cement business in the previous year. After a net interest charge nine per cent lower at US$146.1m, the pretax profit dropped by 86.6 per cent to US$18.9m. The net attributable earnings line went from US$100m to US$8.5m. Net debt was increased by 10.8 per cen... |
US May shipments down 4.5% YoY04 August 2015, Published under Cement NewsTotal shipments of Portland and blended cement in the US and Puerto Rico in May 2015 fell by 4.5 per cent YoY to 7.8Mt, data from the US Geological Survey released yesterday shows. Shipments for the year through May totalled 31.9Mt, up by 2.6 per cent for the same period in 2014. The leading producing states for Portland and blended cement in May were California, Missouri, Texas, Florida and Alabama, in descending order. The leading consuming states (Texas, California, Florida, Ohio and Ill... |
Wet weather dampens Eagle Materials' 1Q04 August 2015, Published under Cement NewsEagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 4.4 per cent to US$312m for the first quarter of fiscal 2016 ended 30 June 2015. The trading profit improved by 0.9 per cent to US$60.4m and after an interest charge 10.7 per cent higher at US$4.49m, the pre-tax profit was ahead by just 0.2 per cent to US$55.9m and the net attributable profit advanced by a marginal 0.1 per cent to US$37.8m. Net debt at the end of June stood at US$585.1m, ... |
US Senate passes DRIVE Act04 August 2015, Published under Cement NewsBy a bipartisan vote of 91 to 4, the US Senate on Thursday passed a six-year surface transportation authorisation. Passage of the “Developing a Reliable and Innovative Vision for the Economy Act” or the DRIVE Act represents "a major step toward completion of a robust highway bill this fall," the Portland Cement Association (PCA), highlights. Co-sponsored by Senators James Inhofe (R-OK), Barbara Boxer (D-CA), David Vitter (R-LA), and Tom Carper (D-LA), the PCA noted in a statement that the... |
USA: Essroc acquires slag cement grinding unit from Holcim29 July 2015, Published under Cement NewsEssroc has signed an agreement to acquire the slag cement grinding facility located in Camden, New Jersey, US from Holcim (US). As part of the transaction, Essroc will also obtain Holcim’s cement terminal in Everett, Massachusetts, US. Upon completion of the transaction, Holcim’s staff in Camden and Everett will join Essroc. The acquisition is expected to be completed later 2015. |
PCA applauds House action to support coal ash recycling23 July 2015, Published under Cement NewsBy a bipartisan vote of 258 to 166, the US House of Representatives today passed legislation that will promote continued recycling of coal ash, a move which the Portland Cement Association (PCA) considers to be good for both the environment and the economy. The 'Improving Coal Combustion Residuals Regulation Act of 2015,' (H.R. 1734), sponsored by Rep. David McKinley, (R-WV), codifies a recent decision by the US Environmental Protection Agency (EPA) to regulate coal ash under the 'solid was... |
Summit Materials completes acquisition of Lafarge North America assets21 July 2015, Published under Cement NewsUS-based construction materials company Summit Materials, Inc has completed its previously announced acquisition of a 1.2Mst cement plant in Davenport, Iowa along with seven cement distribution terminals from Lafarge North America Inc. unit for a purchase price of US$450m in cash, plus an exchange of Summit’s Bettendorf, Iowa cement distribution terminal, the company said on Monday. The newly-acquired cement operations are a complementary fit with Summit’s existing cement plant in Hannibal,... |
US May shipments – preliminary figures16 July 2015, Published under Cement NewsPortland and blended cement shipments in the US and Puerto Rico reached 7.8Mt in May, according to preliminary results from the US Geological Survey (USGS). Of the total domestic shipments accounted for 6.96Mt and imports 815,555t. JP Morgan notes that the trend remains weak at -4 per cent YoY particularly impacted by weather-impacted softness in Texas (volume decline of -33 per cent in North Texas). Among other large markets, California was soft too (down mid-single digit) while Florida... |